H.R.5109 - Economic Growth Act of 2008

To amend the Internal Revenue Code of 1986 to provide for permanent tax incentives for economic growth. view all titles (2)

All Bill Titles

  • Short: Economic Growth Act of 2008 as introduced.
  • Official: To amend the Internal Revenue Code of 1986 to provide for permanent tax incentives for economic growth. as introduced.

This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.

Bill’s Views

  • Today: 1
  • Past Seven Days: 1
  • All-Time: 5,890
 
Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
01/23/08
 
 
 
 
 
 
 

Official Summary

Economic Growth Act of 2008 - Amends the Internal Revenue Code to: (1) repeal the dollar and other limitations on the expensing allowance of depreciable business assets; (2) reduce to 25% the maximum corporate income tax rate; (3) provide for an inflation adjustment to the basis of certain

Official Summary

Economic Growth Act of 2008 - Amends the Internal Revenue Code to:
(1) repeal the dollar and other limitations on the expensing allowance of depreciable business assets;
(2) reduce to 25% the maximum corporate income tax rate;
(3) provide for an inflation adjustment to the basis of certain capital assets for purposes of determining gain or loss; and
(4) reduce from 35 to 15% the alternative capital gains tax rate for corporations.

...Read the Rest




Vote on This Bill

100% Users Support Bill

1 in favor / 0 opposed
 

Send Your Rep a Letter

about this bill Support Oppose Tracking
Track with MyOC